Sep 16, 2026 · 17 min · 5 segments
This week, we dive into the growing pains of China's new energy sector by exploring JinkoSolar's surprising pivot from solar panels to AI venture capital and discuss Beijing's unusual, proactive…
We'll start with JNCO in the solar panel sector that's been suffering from massive oversupply for the last two years now.
JNCO has apparently grown tired of waiting for a turnaround and abruptly announced last week that it's getting into the business of investing in frontier industries as a venture capitalist.
It unveiled some of its first investments, including three totaling 70 million yuan to 100 million yuan, each in high-flying AI startups Moonshot, StepFun, and SiliconFlow.
I've created my own name for this type of company that seems distinctively Chinese.
Jinko's stock fell nearly 10% over the three trading days after the announcement, showing investors weren't too thrilled.
As you say, I mean, this is an attempt at trying to create some excitement about the stock, about the future of the company.
I think the reaction via the stock price is not really a big surprise, in my opinion.
And we know that typically most investors, or at least the majority of investors, prefer to invest in pure play companies, businesses.
stepping out, not just stepping out of the solar industry, but also going into very different kinds of businesses.
You know, not huge amounts of money in terms of investment, especially if you look at the other investments beyond the three that you have mentioned.
It's obviously way out of the expertise that they have developed over, you know, soon I think about 20 years.
We'll start with JNCO in the solar panel sector that's been suffering from massive oversupply for the last two years now.
JNCO has apparently grown tired of waiting for a turnaround and abruptly announced last week that it's getting into the business of investing in frontier industries as a venture capitalist.
It unveiled some of its first investments, including three totaling 70 million yuan to 100 million yuan, each in high-flying AI startups Moonshot, StepFun, and SiliconFlow.
I've created my own name for this type of company that seems distinctively Chinese.
Jinko's stock fell nearly 10% over the three trading days after the announcement, showing investors weren't too thrilled.
As you say, I mean, this is an attempt at trying to create some excitement about the stock, about the future of the company.
I think the reaction via the stock price is not really a big surprise, in my opinion.
And we know that typically most investors, or at least the majority of investors, prefer to invest in pure play companies, businesses.
stepping out, not just stepping out of the solar industry, but also going into very different kinds of businesses.
You know, not huge amounts of money in terms of investment, especially if you look at the other investments beyond the three that you have mentioned.
It's obviously way out of the expertise that they have developed over, you know, soon I think about 20 years.
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